Reciprocal Linking
Reciprocal
linking is a technique used to gain popularity and traffic on the
search engines. Reciprocal linking involves exchanging links between
two sites that usually have an agreement between website owners.
This
agreement between two website owners to link to each others websites is
one of the fastest ways to get better rankings in the major search
engines such as google.com
Reciprocal
links help increase link popularity which is an important factor in
achieving high search engine rankings.
I have
found that about 1 out of 4 are willing to exchange. However, some
search engines know that you are reciprocal linking and will not give
the same amount of credit as they would in a one way link.
The search
engines can tell if you're trading links but they can't tell you're
manipulating the search engine results if you're only using one way
links. Most webmasters are happy to exchange links with each other with
a "scratch each other's back" attitude.

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